Sunday, February 12, 2017

Update - 2/11/17

Here are updates on my recent trade ideas

CCJ - Came into 200 day and had nice bounce!  I added down around the 200 day.  Like how name shrugged off mediocre EPS.  It regained 50 day.  I'd like to see the action tighten up now and generally start to ride that 50 day up.


SEA - Could be forming first proper handle and had a "continuation" pocket pivot on Friday.  I added on the day it came into 50 day.  Handle might need more work.


ABX/GDX - GDX took out 200 day this week.  A good sign.  ABX, shown here, is the strongest name in the group.  If they form handles properly, I will add.  Have nice sized core positions from weeks past.  Most of the places where I see strength are inflationary!  I am noticing a theme.

VIAV - Short term blow off top?  Sold half.


CS - working on that last shakeout.  No adds yet.


TBT - I would LOVE this down by the 200 day.




Z - never broke out.  broken for now.  That's why I had small cheater position on and nothing too aggressive.  I sold the day of EPS when it gapped below 50 and 200 days.  Wait for proper entry if it sets up again.




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